FMR is near market; voucher and private rents are aligned.
0.94
1 BR
1 BR- 48164
1.18ratio
FMR$1,540
Market$1,310
vs market+$230
FMR is above market; underwrite to market rent.
1.18
2 BR
2 BR- 48164
1.32ratio
FMR$1,930
Market$1,460
vs market+$470
FMR is above market; underwrite to market rent.
1.32
3 BR
3 BR- 48164
1.31ratio
FMR$2,350
Market$1,800
vs market+$550
FMR is above market; underwrite to market rent.
1.31
4 BR
4 BR- 48164
1.35ratio
FMR$2,560
Market$1,890
vs market+$670
FMR is above market; underwrite to market rent.
1.35
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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New Boston, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in New Boston, MI is $1,930 a month. That is up 2.7% from $1,880 in FY 2026. New Boston is in the Detroit-Warren-Livonia, MI HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Michigan is $1,085, so New Boston is 78% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for New Boston, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,340
$1,380
+3.0%
$1,242–$1,518
1BR
$1,490
$1,540
+3.4%
$1,386–$1,694
2BR
$1,880
$1,930
+2.7%
$1,737–$2,123
3BR
$2,300
$2,350
+2.2%
$2,115–$2,585
4BR
$2,490
$2,560
+2.8%
$2,304–$2,816
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for New Boston, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,380
$1,540
$1,930
$2,350
$2,560
FY 2026
$1,340
$1,490
$1,880
$2,300
$2,490
FY 2025
$1,340
$1,470
$1,860
$2,280
$2,470
FY 2024
$1,190
$1,320
$1,670
$2,060
$2,230
FY 2023
$1,040
$1,180
$1,500
$1,870
$2,020
Questions about New Boston, MI rents
How much will Section 8 pay for a two-bedroom in New Boston, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,930, that basic range is $1,737 to $2,123 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is New Boston, MI in?
New Boston, MI is in the Detroit-Warren-Livonia, MI HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in New Boston, MI for FY 2027?
The two-bedroom FMR rose 2.7%, from $1,880 in FY 2026 to $1,930 in FY 2027. Since FY 2023 it has risen 28.7%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set